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A recent ruling against a commodities hedge fund by the UK’s Financial Ombudsman Service has been given the go-ahead for immediate enforcement by a London court.
In March, Ebullio Capital Management was ordered to compensate a fund investor £150,000, the maximum allowable, plus 8% interest. An enforcement of this decision could lead to liquidation of the fund, according to a source familiar with the ruling and court procedures.
In a separate court proceeding scheduled for June 8, 2016 in London, a former Ebullio partner alleges non-payment of a severance package.
A source familiar with the case said that Ebullio company filings showed partners ... (read more)